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"I CAN‘T BCLIEVE IT! Continued from previous page s# Swing out smokeless broiler. s# Giant 24" Oven. $199.95, INSTALLATION EXTRA Source of Capital Funds Par value of debentures issued ............. Government of Ontario grants .............. Capital expenditures out of revenue fund ... Accrued interest on debentures ............ Net change in Capital Funds for the year ...............0.}}}}}.>}}. Balance not permanently financed â€" beginning of year ............. Application of Capital Funds Cooking convenience and ease of cleaning are features of this range. The large visualite window lets you check your newest recipes. The liftâ€"off door, allows for ease of cleaning Balance not permanently financed â€" end of year ..................., * Porcelain back mantle with hideâ€"away lamp. * Electric clock with handy minute minder. * New recessed cook top with spillâ€"guard 2. PURCHASE ORDER COMMITMENTS design. &# Flame Master oven heat control. #* Four Masterline speedy set top burners. s# Oven light. ' 1. INVENTORIES STATEMENT OF SOURCE AND APPLICATION OF CAPITAL FUNDS FOR THE YEAR ENDED DECEMBER 31, 1970 OR THIS FULLY AUTOMATIC Discounts on debentures . Inventories of school and custodial supplies in warehouses as at December 31, 1970, amounted to $260,022 (1969â€"$191,085). These have not been included in the assets because there is no authority to defer these expenditures. Upon the direction of the Ontario Department ot Education, generally accepted accounting principles now require that purchase order comâ€" mitments should no longer be recognized as liabilities of Boards of Education. Accordingly, commitments amounting to $170,000 (1969â€" $218,000) have not been accrued as at December 31, 1970. Had purchase order commitments been recognized as in prior vears, expenditures for the year would have been $170,000 greater BEACH GAS RANGE" Open Monâ€"Fri. 9 am to 5 pm Waterioo Square Mail 743â€"2691 A MONTH on MY GAS BILL NOTES TO FINANCIAL STATEMENTS only $4. 98 FOR THE YEAR ENDED DECEMBER 31, 1970 2,000 sthietes took part. He jumped five fest ninge inches in the high jump for 14 years and over, to best 800 metres. 13 years, Ajoy Prasad. MacGregor. third. JOHNSTON PHARMACY LTD GOâ€"metre hurdies 12 years BOâ€"metre hurdies. 14 and We are closing after one third of a century at our present location and 57 years of personal pharmaceutical service. 2,357,000 3,315,029 2,7173,67 1,027,062 10,540 Walpole breaks record _ | FINAL WEEK WATERLOO COUNTY BOARD OF EDUCATION FINANCIAL STATEMENT ""Your patronage has been deeply appreciated" King and William Street On deposit with trustee On deposit in bank ... TOTAL 2..2.22.222222. Balance â€" beginning of year ... Interest earned ................ Transfer to revenue fund for land purchase . Balance â€" end of year ...................... 3. DEBENTURE DEBT â€" CAPITAL FUND 4. SURPLUSES AND DEFICITS RESERVE FUND STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED DECEMBER 31,; 1970 Included in the accounts receivable are proceeds of debentures issued in the amount of $1,235,000, final approval of which was obtained from the Ontario Municipal Board in 1971. The proceeds were subsequently to be applied against the temporary loans. Similarly, the amount of $1,235,000 is included in unmatured debenture As required by Section 84 of "FThe Secondary Schools an? Boards of Eduâ€" cation Act", the disposition of these surpluses and ‘deficits and any adjustments thereto is not to be made before January 1, 1971. Accordâ€" ingly, further adjustments arising out of the decisions of the Board of Arbitrators have not been recorded in the accounts. debt. gregor. second. High jmp, 13 years, Tom Eve, MacGregor. third. Piaced in girt‘s events were: RESERVE FUND STATEMENT OF ASSETS AS AT DECEMBER 31, 1970 Waterloo are welcome to a picnic to be heid in Watâ€" ganized by Project Serve, a committee of students who from 3: 30 to 7 p.m. Long jump. 14 years and 200â€"matwes 14 years and 100â€"metwes. 14 years and 200â€"metres, 13 years. Amy J.S. Johnston P.H.M. B. Signed Picnic for seniors PAYMENTS RECEIPTS 14 years 317,646 130,000 187,646 Toshiba Electric Fans don‘t overheat, and even after long continuous operation need virtually no repairs. Removable blades for ‘easier cleanâ€" ing. 5 year warranty on motor. from ‘39.95 Lower Mail WATERLOO SQUARE SIGHT and SOUND Open Daily till 6 p.m. Thur. & Fri. â€" 10 p.m. ELECTRIC . FANS wnfour